Electricity generation has been increasing steadily over the past decade
and is expected to grow to 28,085 TWh by 2017 at a CAGR of 4% over the
next five years.

Lucintel's research indicates that the varied and rapidly changing
energy policies are posing stiff challenges to cope with the changes and
maintain profitability, but the burgeoning GDP, improving standard of
living, and proliferating services and manufacturing sectors have led to
an increase in electricity demand. The global electricity market is
poised to witness a significant growth rate, dominated by growth mainly
in the Asia Pacific (APAC) market.

Lucintel's report outlines that in 2017, coal is estimated to have the
largest share in global electricity generation capacity, although
renewable sources such as wind and solar are anticipated to emerge
stronger. Among all the sources, solar and wind are expected to be the
fastest growing in terms of generation capacities over the next five
years. In addition to wind and solar, biomass and waste-to-energy are
also expected to attract new investments.

Although base load power demand is met with non-renewable energy
sources, mainly coal, natural gas, and nuclear energy, efforts are under
way continuously to increase reliability on renewable energy sources
such as wind, solar, biomass, hydro, etc. for electricity generation in
order to curb carbon emissions.

Lucintel's report provides detailed trend and forecast data for
different energy sources; specifically, the demand and supply analysis
with future forecasts for 2017. The report analyzes the drivers that
lead the demand in different energy segments and the supply challenges
these segments are likely to face. The study considers various policies
of the governments; regional benchmarking of electricity markets; North
America, APAC, Europe, and rest of the world energy market trends,
forecasts, growth opportunities, and more.